Funding Philanthropy: Charitable Trusts
You have goals, and TrustAttorneyOnline.com wants to ensure that you meet those goals. When you consider your life goals and your legacy, philanthropy and charity are among areas of importance to you now and in the future. The right Trust Attorney can help you to provide for your family, and all of your philanthropic goals together. Consider a Charitable Trust.
What is a Charitable Trust?
A Charitable Trust seems to it that your commitment to a cause, charity, or other philanthropic venture continue past your lifetime. There are two different types of charitable, or “split-interest”, trusts. They are charitable remainder trusts (CRTs) or charitable lead trusts (CLTs). These trusts “split” assets between charitable and non-charitable beneficiaries, with the major difference being between priorities in respect to wealth preservation and how you want the charity to receive their gift.
Weighing Your Options
As in any type of estate planning or financial agreement, there’s a lot to consider. Start by talking with one of the TrustAttorneyOnline.com trust attorneys to determine what options best suit you and your needs. They will help you to consider benefits and liabilities included in your decisions, guiding you to making the best choice for your family and the charities you hold near and dear to your heart.